Price Gouging Occurs When a Firm Exploits Temporary Excess Demand

question 43

True/False

Price gouging occurs when a firm exploits temporary excess demand to raise prices to unreasonable levels.

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Definitions:

Authoritative Parents

A parenting style characterized by high expectations of maturity and high responsiveness, balancing demands with emotional support.

Responsive

Showing a positive or cooperative reaction to something.

Authoritarian Parents

Parenting style characterized by high demands and low responsiveness, where parents expect their orders to be obeyed without explanation.

Correlational Results

Findings from research that describe the relationship between two variables without necessarily indicating cause and effect.